Since the FBMACE is now below the 14, 21, 31 EMA, the immediate technical outlook turns slightly on negative. Meanwhile, the Bollinger Bands contracted 7%, suggesting that the FBMACE is still consolidating.

As circled at B, the Stochastic is still falling, thus suggesting a weakening of the short term movement. If the Stochastic should break below 30%, it would be a short term bearish signal for the FBMACE. However, if the Stochastic should stays around 50% level, the FBMACE short term movement is expected to stay sideways.

As circled at C, the MACD histogram is still falling, thus the Rounding Top remains in-sight. This suggests that the FBMACE short term is losing strength, thus a sign of a technical correction. Nevertheless, the weakening short term movement is expected to carry on until the MACD histogram should form a Rounding Bottom.

In conclusion, with the FBMACE breaking below the 14, 21, 31 EMA, thus the immediate technical outlook is turning negative. However, it has not resume the downtrend yet, for the Bollinger Bands is still contracting.

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